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*Statement on behalf of the National Bank of Ukraine*

21 December 2017

Press Release

 

The National Bank of Ukraine welcomes the claim brought by PrivatBank against its former shareholders at the High Court in London. This claim seeks to recover depositors’ funds unlawfully removed from the bank prior to nationalisation. This marks considerable progress for the bank, which was on the verge of failure in December 2016. It is dealing with a complex legacy of bad banking practices as it strives for a return to profitability.

 

This claim is good news for the Ukrainian people and the wider Ukrainian economy. The NBU has every confidence that the High Court in London will conduct proceedings in a fair, impartial and transparent manner, impervious to outside influence.

 


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Last modification   21.12.2017